It seems like today nothing is an “original.” If you think of an idea, chances are someone already has a business built around it. But, does that mean you shouldn’t move forward with your idea, business plan, or strategy simply because something like it already exists? The answer is, no.

Competition pushes us to always be better than our competitors. If you play college sports, you have to remain an equal if not better than your competition in order to have a chance at a national title. You don’t stop running because there’s another runner who might be better. You don’t stop swimming because someone is taller and faster than you, do you? No. You keep swimming, running, competing. You train harder, you alter what your current skill set is and you advance it.

The same goes with business. If you have an idea, and it exists, then make it better. Take Alamo for example. They aren’t the only rental car company in existence are they? To be fair, rental car companies are an incredibly profitable and competitive business, but that’s what makes them so successful Alamo has to go up against so many other big names in order to get a sale, it has to stay ahead of the game. So, the competition allows them to always be in the forefront of their business model, making them constantly strive to better today than they were yesterday.

This thought process goes for any business in any industry. Today, Alamo maintains one of the highest revenues in the industry. They know their competitors are out there, they know their competitors are striving to be the best in the industry, so that causes them to be better. In other words, they keep swimming, running, training until they are better than the person racing next to them.

 

A key part of running a successful business is being as productive as you possibly can. There are a lot of factors that go into being productive, not least of all having an organised diary and planning your day to ensure that you have plenty of time for everything you want to get done! While many businesses and businessmen have productivity down to a fine art, there are always ways to improve on your processes. To help out, we wanted to take the time to explain how you can improve productivity in the workplace through renting an executive office space. These tips have been brought to you by Servcorp, the leading providers of executive office spaces in the United States. If you would like to know more about executive office rental, please click here to learn about the benefit that they can bring to your business.

Get The Suite Life

One of the best ways that we have seen companies improving productivity of late, is when they make the move into an executive office space. When you rent an executive office space, especially as a sole trader or a small business, you get a secretary to manage your calls, you get a fully furnished space to impress your clients, and all of your services and utilities are included in the rental, so you have everything taken care of. That means no more worrying about phone calls, no more worrying about interruptions; and you’re free to focus on the more important task of growing your business.

A Change In Scenery

When you shift locations you are shown to be more productive. So it stands to reason that a new office space in the form of an executive suite will help to improve your productivity! Renting an executive office suite is a good way to get a new change of scenery without having to fork out for an expensive commercial rental that may go for a period of years. You don’t want to over commit to something that is just going to be outgrown, after all. Yes, far better to opt for the flexibility of an executive office. You do need to consider the fact that if you are growing as a business, it may be better for your bottom line to rent an executive office space while your business grows. Once your business is big enough to move into larger premises you can do so as and when required.

Delegate Your Tasks

One of the best tips we know for getting more done is to delegate. When you delegate tasks, it’s not only a sign of good management, but it also means that you free yourself up to focus on more important things. You need to ensure that you have the flexibility and time to work when you feel the most motivated, and be your own boss. You will gain a substantial margin in your professional life by choosing an executive suite for your business. Not only will you enjoy exceptional quality offices, but you will have at your disposal a prestigious office space, with the professional in-house support team. You can also enjoy a flexible lease term from just one month, as well as a secretary to manage all of your calls and callers.

Get the executive edge

The peace of mind an executive suite offers is truly the best choice for a business on the edge of expansion. Opt for an executive suite for your business and enjoy the prestige, convenience and exceptional working environment that they provide.
If making the perfect first impression is important to you and your business, you need an executive suite! We hope this tips have been helpful for you and your business.

Since taxes are one of those liabilities that are inevitable in the business world, you should know how to deal with the responsibilities that your taxes give you. No business should disregard this matter, that’s why every company has its own company accountant which will ensure that the taxes are well calculated and paid. One of the mistakes though that many companies make is the accumulated deferred tax liabilities that cause further problems as long as they don’t get paid for. But first things first, what is a deferred tax liability? Let’s see what this means.

Wikipedia defines deferred tax as an accounting concept (also known as future income taxes), meaning a future tax liability or asset, resulting from temporary differences or timing differences between the accounting value of assets and liabilities and their value for tax purposes. We’re talking about the liability here, not the asset, so we’ll also add the breakdown of the term. The words “deferred” describes something delayed, and again “tax liability” is having unpaid financial debt, thus deferred tax liability means unpaid debt that needs to be paid for in the future. Companies sometimes get tax liabilities from financial transactions that are not immediately charged to be paid for. This is what goes down the deferred tax list.

It is still a liability, that’s why it will still be paid for as it when the company pays taxes. Further delay in payment will result in piling up of the tax liabilities until it becomes a problem for the company. That’s why a major role of accountants is to make sure funds are available to pay all tax liabilities on strategically on the same year it was made, rather than pushing it up to the next financial year. One can never be sure of financial stability in the future, that’s why to ensure less burden for the next tax year, there must be no deferred tax liabilities as much as possible. Of course, in order to allocate enough funds for these liabilities, an accountant must be able to calculate the deferred tax liabilities in advance.

As any other financial matter, the computation of the deferred tax liability for a company is really complicated as there are different income sources to be taken into consideration, as well as depreciating asset values and tax deductions. You first need to find the actual taxable income for your company, and then afterwards calculate the total tax liability from this. The formula goes as: Taxable Income x Tax Rate =Total Tax Liability. Obviously, you also need to have a complete and updated federal tax rate for your company to be able to compute it.

As the term itself implies, as long as a tax remains unpaid, it is still a liability. Surely, you are aware that there should be more assets in a company than liabilities in order to run smoothly, and the more liabilities it has, the more problems you are likely to encounter on your operation. Remember that when these liabilities pile up and the business fails to pay all of it, legal problems and litigation will be a major problem for you in the future. You would not want it, would you? And no company would want to stop its operation because of debts and legal problems. That’s why you should never keep liabilities for too long, or it would haunt you.

Many people when filing a PPI claim can’t decide whether to use a company or to file the claim themselves. There’s a lot of information you can find on the Internet, however, to save some time here are a few tips on how to find the right PPI check company.

Read a few reviews and feedback from customers about the company. This is the best way to find out more about the company from consumers that have had PPI claims handled by them. You can find out how they handle questions, concerns, and claims if they treat their customers in a courteous manner, and if they take time to explain the claims process to their customers. Check what the positive and negative reviews say about them.

The majority of PPI check companies never require an upfront payment however they do charge as much as 25% of an awarded claim. This is called the “No Win-No Fee”. Steer clear of any PPI check company that asks you for an upfront payment.

When search for a PPI company be sure to check if they are registered and authorized by the Ministry of Justice to handle your claim. All PPI companies must have an authorization number that allows them to legally handle PPI claims.

When you either call or visit a PPI company they will always ask you a series of questions to make sure you are eligible to file a PPI claim. If the company does not ask you any questions but guarantee a settlement they are not a legitimate company.

Keep in mind that you can file any PPI claim yourself without using a PPI check company. You can complete the necessary paperwork and get all the facts together to send to your financial institution. If necessary you can also file your claim with the Financial Services Ombudsman. An important fact to remember is that many banks will use tactics such as rejecting even denying your claim. They might also make a “FOB offer” with is usually less than what you are actually entitled to.

Paying for college is one of the biggest expenses in your life. Whether you are paying for your own education or for your children, the decision on how to pay can be almost as stressful as picking a school. Starting early is key. Having a full 18 years to save up for these costs is a huge advantage for several reasons. First, it allows you to invest a smaller monthly amount, which means you won’t feel the pinch as much. Second, it increases the cumulative effect of compounding interest, or the expanding growth rate of your earnings.

The most common way to save when starting very early is a 529 plan. It’s an investment plan operated by a state designed to help families save for future college costs. As long as the plan satisfies a few basic requirements, the federal tax law provides special tax benefits to you, the plan participant.

It’s up to each state to decide whether it will offer a 529 plan (or possibly more than one), and what it will look like. Every state now has at least one 529 plan available. 529 plans are usually categorized as either prepaid or savings, although some have elements of both. There are no income or age restrictions on 529 plans. Most plans operate on a monthly payment schedule that allows you to save significant amounts for college in a well-designed program. Contact your state education office to inquire about the 529 plan in your state.

So what if you don’t have a 529 plan and you need to pay now? Financial aid is an extremely helpful program that allows students to cover the cost of college, and additional costs such as housing, with a loan from the federal government. There are several types of loans and even some grants, which do not require repayment. The biggest advantage to student loans is that the interest rate can never go higher than 8 percent and is often even lower. Another advantage to financial aid is the extend time that you can pay back the loan through deferments and other options. One drawback to financial aid is the amount of money you make can influence how much aid is given. The more money you earn the less financial aid you are likely to receive. If you are interested in your financial aid options, you should contact the schools that interest you or FAFSA (Free Application for Federal Student Aid).

There are even more options for college. One is to get a private lender for necessary funds. These lenders can have much higher interest rates and a shorter payback time than financial aid, so shop carefully. Another type of aid is work-study where a student works part time on campus for money. One of the most obvious ways to get money for college is through scholarships. What is not so obvious is that there is a scholarship out there for everyone. Check with local businesses, national programs, and the plethora of internet sources to find one for you.

There are an endless amount of options when planning for college. And planning is key. You need to start early and keep your focus on the goal of education. However you pay for school, having the degree will be worth it. Planning ahead can get you the kind of education you want anywhere in the world.